ISE has the best liquidity (for reasons unknown), but is <b>not</b> the 'best exchange'. ISE has a history of leading the charge to implement anti-trader policies- and to add insult to injury, also blatantly lying about their reasons for doing so.

THAT list is not complete, and shows only the worst Options-exchanges in the world....

For the best Options exchanges you have to go out-side America...look at LIFFE-FTA (Amsterdam-model) and KOSPI....that are the best exchanges a trader can dream of... No protective MarkerMaker models...No request-for-quotes...no empty screens...etc, etc.

Maybe sometime in future, the American-exchanges implement the Amsterdam-model as well...but I doubt it will be soon (the MarketMarkers will not allow it).

Hoi: Intriguing. Do any of the direct access brokers reviewed at elite trader give us access to LIFFE-FTA or KOSPI?

I'd also like to see is penny pricing, but I think PSE dropped that after they got bought, and BOX is as close as it gets. Surely the US Market Makers hate the idea too, even though they're totally computerized. IB was hemming and hawing against it too as I recall from a press release.